Cohort Share Discussion Threads

[chrisdgb] 04/4/2024 10:19

great looking chart now.....

[petomi] 02/4/2024 11:32

Had a belated look at the CEO/FD presentation referenced in the 26 March 'Contract Win' RNS.
hxxps://brrmedia.news/CHRT_MA.

Typically low key presentation style and understandably coy about margins etc but:
- the technology as described seems impressive, as validated by the competition win (apparently on quality of product)
- they are already in talks for additional export orders with indications some could be relatively soon.

Clearly execution will now be key but this could be transformational.

GLA

[robertball] 29/3/2024 14:04

See post 412. 3 years ago...Take out price north of £9

[dozey4] 29/3/2024 10:16

What are the prospects of one of the big four mentioned above (post 542) coming in with a bid? I’m LTBH CHRT as part of IHT relief portfolio (rag-bag) but over £7 offer would raise interest.

[gswredland] 27/3/2024 16:10

Wow beating that lot is some going

[pdt] 26/3/2024 08:12

As well as being a material contract win it is a big vote of confidence. Hopefully, leading to similar wins internationally.

[robertball] 26/3/2024 07:48

30% sales uplift for SEA. Of course there will be contract extensions. £6.60 on open?

[chrisdgb] 26/3/2024 07:45

Wow.......

[edmonda] 26/3/2024 07:26

"Major £135m contract award"

Cohort announces that its subsidiary SEA (Systems Engineering and Assessment Ltd.) has been awarded a major contract by the UK’s Ministry of Defence to provide Electronic Warfare Counter Measures (Increment 1a) (EWCM 1a) to the Royal Navy with a total value of at least £135m. This includes provision and support of SEA’s Trainable Decoy Launcher System, Ancilia.

At the FY 24 interim results Cohort had commented on an overall “increased tempo” of order intake. The Group reported a closing order book of £354m: we note that this latest contract takes the closing order book above the £0.5bn mark at £513.6m.

We have raised our FY25 revenue outlook by 2.5% (£5.0m). Thereafter we estimate a contribution from the SEA EWCM contract of c.£15.0m annually. Our FY25 E (adj.) EBITDA estimate is raised by £2.0m, +10%, with an estimated subsequent incremental annual c.£5.0m contribution. Our FY25 EPS outlook is raised from 36.7p to 41.8p. Accordingly, and in the light of additional recent contract wins (e.g. the 19 March Chess Australian Navy contract) our Fair Value is raised to 725p.

New research report:

[stevenlondon3] 20/3/2024 11:09

At the moment forecasts for 2025 are only showing a 4% increase in EPS. Hopefully there will be some upward revisions that will spur the share price higher.

[petomi] 19/3/2024 19:36

I don't often comment but another great contract win announced today prompts this.

They seem to have navigated the last few years pretty well and with defence now recognised as essential to our freedom they may be due a further upgrade. I note that they were at c725p immediately pre-Covid and they are surely stronger now than then.

Strange volatility recently with the drop to c540 but there is probably very little real 'free float' and liquidity, hence the high spread.

GL to all LTHs (this one 10+ years)

[osistock] 12/3/2024 15:19

Very interesting company

[gswredland] 08/3/2024 10:09

yes good to see

[chrisdgb] 08/3/2024 09:17

Justifiably looking a bit perkier last couple of days..

[robertball] 03/3/2024 11:51

Bit bellow the radar - ironic given their products

[chrisdgb] 29/2/2024 14:34

All good, patience required........

[marno17] 29/2/2024 09:11

Any news anyone , all very quiet?

[phg87] 21/2/2024 16:21

The spread went to 25points this afternoon (approx. 4% today) which brought it just below the support area. Back to 9 point spread now. Could be someone looking for shares. I could be wrong too.

[shaker45] 21/2/2024 15:03

Defence budgets globally are increasing. Chrt has more upside than downside imo

[johndoe23] 21/2/2024 12:09

Looks like a head and shoulder on chart too

[johndoe23] 21/2/2024 10:25

Simply profit taking I would say. Gives someone like me who is not invested an opportunity, maybe!

[phg87] 21/2/2024 09:39

Anyone know the reason for the 10% drop from the high?

Cannot find any reason why online.

[phg87] 31/1/2024 07:36

Thanks for the reply

[robertball] 31/1/2024 06:44

Prest, Warmsley and Carter were business associates through Alvis.This is a good thing. Alvis bought Vickers and was then bought by BAe after a bidding war with General Dynamics.